The alliance will focus on strengthening regulatory advocacy, sharing of protocols and best practices, creating market access as well as promoting educational initiatives.
“This alliance is a significant milestone for Coinhako and the entire cryptocurrency industry,” says Coinhako CEO Yusho Liu.
“We believe that licenced exchanges have a vital role to play in fostering trust and growth in the crypto space. By collaborating with Coins.ph, Indodax, and Bitkub, we are taking a monumental step towards building a safer and more transparent ecosystem for users in the region,” he adds.
Backed by investors including SBI Holdings and Sygnum Bank, Coinhako received Monetary Authority of Singapore’s approval for a Major Payment Institution licence in 2022.
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